Cognizant Technology Solutions Corporation (CTSH) has an average broker rating of 1.45, which is interpreted as a Strong Buy, as rated by 20 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Cognizant Technology Solutions Corporation (CTSH) : The consensus price target for Cognizant Technology Solutions Corporation (CTSH) is $68.12 for the short term with a standard deviation of $3.55. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $79, however, the pessimist price target for the company is $62.
For the current week, the company shares have a recommendation consensus of Buy. Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $57.82 on Thursday but the bulls could not build on the opening and the stock topped out at $57.92 for the day. The stock traded down to $57.12 during the day, due to lack of any buying support eventually closed down at $57.33 with a loss of -0.35% for the day. The stock had closed at $57.53 on the previous day. The total traded volume was 3,232,492 shares.
In a related news, Dsouza Francisco, director officer (Chief Executive Officer) of Cognizant Technology Solutions Corp, unloaded 200,000 shares at an average price of $57.69 on July 28, 2016. The total amount of the transaction was worth $11,538,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.